European Bank For Reconstruction and Development—EBRD

Abstract

The Board of Governors, to which each member appoints a Governor and an alternate, is the highest authority of the European Bank for Reconstruction and Development (EBRD). In September 2015 the EBRD’s Board of Directors endorsed a Green Economy Transition policy approach, under which financing for sustainable low-carbon projects was to be progressively increased. In February 2021 the EBRD and UN Women launched a partnership aimed at advancing a gender-inclusive recovery from the pandemic crisis. The Bank administers a number of other funds to support the promotion of nuclear safety, and in particular to decommission potentially harmful Soviet-era facilities and equipment. The EBRD’s Green Economy Financing Facility supports investment in green technologies. In April 2004 an initiative was launched by the EBRD to increase its activities in several low-income countries in Eastern Europe and Central Asia, known as Early Transition Countries.